ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Athletic wear is worn to many places.
|
|
|
Unemployment is decreasing.
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -The economic factors are such as capital, infrastructure, raw material, labour, and market. Without these economic factors a business can’t grow and earn profit. The non-economic factors are largely influenced by the society and country where the entrepreneur resides.
Detailed explanation-2: -It intends to build a strong ecosystem that is conducive to the growth of startup businesses, drive sustainable economic growth, and generate large-scale employment opportunities. Entrepreneurship is a solution to the unemployment problem since it opens opportunities for new projects, businesses, alliances, etc.
Detailed explanation-3: -And when economic activity is low, firms reduce their workforce and unemployment rises. In that sense, unemployment is countercyclical, meaning it rises when economic growth is low and vice versa. But unemployment does not fall in lockstep with an increase in growth.